PM talks about state owned land as dead capital - i propose solution

[Mentee]

Lol. So we are going to generate income from selling state assets and not economic policies? Bravo.

Bro He's not suggesting to sell public organizations like steel mill etc. A single official residence of a deputy commissioner is spread on 50+ kanals, at prime commercial locations, if not exceeding the hundred mark. Just lease it out to the locals entrepreneurs ?

 

[BHarwana]

You must really enjoy making up things and then pretending to be outraged at your own made up things. Keep up the saltiness.

This idea is thinking out of the box and infinitely better than taking out more loans to pay for previous loans.

I am not against selling state assets and I am not in favor of taking loans. There is another way to do things via economic policies. Where is the talent. For six days I heard Atif Mian Atif Mian now please show me talent. I was the only one apologising for PTI here and now I am making things up. Seriously if I use oppositions statements it becomes a crime?
Show me efficiency?
I can understand the problem of Imran Khan more than you all but you all also need to understand as well.

 

[Samlee]

What is wrong with selling the land. The state can make compulsory purchases if need be later. No point in having empty land that is fair play to land grabbers or for slum development.

Lol. So we are going to generate income from selling state assets and not economic policies? Bravo.

A Great Initiative Would Be Land Exchange.So Government Should Exchange It's Land With Landowners Having Land On CPEC Route From There It Can Set Up Special Economic Zones Leasing It To Private Investors.

 

[BHarwana]

Bro He's not suggesting to sell public organizations like steel mill etc. A single official residence of a deputy commissioner is spread on 50+ kanals, at prime commercial locations, if not exceeding the hundred mark. Just kese it out to the locals entrepreneurs ?

Bro forget the residence and shod the focus on main issues. Sell the steel mill I am not against it. The problem is he is doing too much micro he has to take macro steps.

He should sell the steel mill make a new one and sell that as well. We need bigger jumps.

 

[Indus Pakistan]

I can understand the problem of Imran Khan more than you all but you all also need to understand as well.

Meaning?

 

[BHarwana]

What the he'll is waiting for? Start doing it. Nawaz sold they whole country and made flats in London. Imran is going to sell thing and spend that money on us. Why is he hesitating?

Meaning?

They are hesitating. And the supporters of PTI are the biggest opposition of PTI.

https://twitter.com/x/status/1034414521367097345

 

[N.Siddiqui]

Bro forget the residence and shod the focus on main issues. Sell the steel mill I am not against it. The problem is he is doing too much micro he has to take macro steps.

He should sell the steel mill make a new one and sell that as well. We need bigger jumps.

PIA is under 400 billion Rs. debt, not possible to sell it, unless selling it for peanuts, Steel Mills is under 230 billion Rs. debt, better to sell them after turning them around and lessen the debt burden to get a better deal as now these are burden and are liabilities.

And where is 200 brilliant persons, local/expats supposed to be named by PM Khan and that includes CEO's and CE's for public sector enterprises bleeding billions like PIA and PS, many dozens more...OGRA, NEPRA, OGDCL, WAPDA, other state owned corps.

 

[Crixus]

Leasing of land instead of selling will be more helpful..... if they sell the govt will lose the ownership for ever

 

[BHarwana]

PIA is under 400 billion Rs. debt, not possible to sell it, unless selling it for peanuts, Steel Mills is under 230 billion Rs. debt, better to sell hem after turning them around and lessen the debt burden to get a better deal as now these are burden and are liabilities.

And where is 200 brilliant persons, local/expats supposed to be named by PM Khan and that includes CEO's and CE's for public sector enterprises bleeding billions like PIA and PS, many dozens more...OGRA, NEPRA, OGDCL, WAPDA, other state owned corps.

Nawaz was going to sell PIA but he did not sold it to throw the problem of PIA on Imran Khan. Now he is hesitating in making jumps. Instead he should take the command and do it. A single hotel that PIA owns in New York can pay the debt of PIA.

In my opinion instead of taking new projects Imran Khan should focus the first year on improving the existing companies of Pakistan making them better and if his economists can do it then sell them.

 

[El Sidd]

Chekhen nikal rahi ha

 

[N.Siddiqui]

Nawaz was going to sell PIA but he did not sold it to throw the problem of PIA on Imran Khan. Now he is hesitating in making jumps. Instead he should take the command and do it. A single hotel that PIA owns in New York can pay the debt of PIA.

Yes Roosevelt NY owned by PIA is worth more than a billion USD[more than 123 billion Rs]

He need to appoint capable, go-getter, educated persons on merit, he never gets tired of quoting meritocracy, on all public sector companies.

On a lighter vein: What we call perseverance and that Imran Khan is hardworking and took 22 long years in politics with single minded approach...can be misconstrued as being 'IM the dim, slow mover, hesitant, like what others can do in 5 years Khan took about 22 years to reach that position. This is just a sarcastic thought, Imran Khan need to spur up the overall speed, the lethargic attitude should go now.

 

[BHarwana]

A single hotel owned by PIA can setup a whole new airline for Pakistan and pay the debt.

He has to first focus on pulling these business out of loss and into profits. If not then sell them but At least give his first year on trying.

 

[Indus Pakistan]

On a lighter vein: What we call perseverance and that Imran Khan is hardworking and took 22 long years in politics with single minded approach...can be misconstrued as being 'IM the dim, slow mover, hesitant, like what others can do in 5 years Khan took about 22 years to reach that position. This is just a sarcastic thought, Imran Khan need to spur up the overall speed, the lethargic attitude should go now.

He is far faster then the rest. Nawaz got a ride on Gen Zia's back. Bhutto family got a ride on Gen. Ayub's back and ever since turned it into family business. IK never had a General to give him a "lift me up please".

 

[ziaulislam]

Prime Minister Imran Khan referred to government-owned land as ‘dead capital’ in a tweet on Monday, suggesting land used for government residences and other state buildings could be used to generate income instead of resorting to foreign aid.

PM Imran claimed that just the urban portion of this land is worth Rs300 billion while Pakistan’s daily interest payment amounts to Rs5 billion.

https://twitter.com/x/status/1039049394543316992

https://twitter.com/x/status/1039051900329623552

https://tribune.com.pk/story/1799612/1-pm-imran-suggests-income-generation-dead-capital-govt-land/

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The idea of considering this land as dead capital is utterly utterly foolish. You cannot grow new land, it is an asset which will appreciate in value, selling it is not the best use of it's, not is leaving it to "appreciate".

Pakistan is at a critical economic juncture, if CPEC works out, our next generation will have less poverty, a massive middle class and potentially a lot of disposable income. If that income is spent on generating more wealth within Pakistan, our grandchildren could live in a country with first world conditions and lifestyles.

Unfortunately in a lot of developing economies, as soon as there is wealth it is wasted in the property market. House prices in some parts of Pakistan are as expensive as the UK, US and anywhere else in the world. A large percentage of household income is spent on rent or mortgage repayments for 20-30 years of an adults prime earning years.

This urban land owned by the state should be held onto until we can afford to built a mix of cheap affordable housing (for people to buy) and social housing (to be rented at a very cheap rate). Build more homes than we need, don't let the property market boom, the property market is the real dead money. Bricks and labour do not cost that much more now than they did 20 years ago, property speculation is what drives the prices up.

If our next generation can live in homes that are cheap to buy, they will have less debt and more disposable income which they will either invest in business or spend on products created in Pakistan.

As for the rural land. Immediately it should be turned into state owned farms. food should be grown and flooded into the market. we should drastically reduce the cost of food for the common man through over-supply. At the same time, we should setup agricultural business hubs to make sure independent farmers who grow crops to sell are not forced into poverty. Instead they should be facilitated so that a percentage of their crops can be exported, so our farmers are making wealth too.

WTF..do you know anything
About real estate

Even an idiot knows that rela estate is 10-20% if your economy (some cases more like UAE)..land is not real state..its desd capital ..developed land is...

This is cimmon sense and even a 7 years child knows this ..how old are you?

 

[Yaseen1]

better to use this land for agriculture produce and give it for rent to industrialists it will give continuing income and generate employment instead of selling.selling will give only one time income . selling was already undergoing by cda as it establish new sectors and selling many lands in Islamabad for many recent years but selling land by govt will skyrocket prices of land in the locality and will make it difficult for poors to obtain house on rent and buy it as it happened in Islamabad